RKSV Securities, a Mumbai, India-based online stock brokerage, raised $4m in Series A funding.
Backers included Kalaari Capital, GVK Davix and others.
The company will use the funds to continue to expand operations.
Founded in 2012 by Ravi Kumar, Raghu Kumar, and Shrinivas Viswanath, RKSV is an online investing and trading platform featuring a zero commission pricing model for investors. The company recently launched Upstox, a mobile app that is aimed at simplifying the investing and trading experience for both professional traders and beginners.
It already accounts for close to Rs. 6,000 crores of daily traded turnover across the NSE, BSE, and MCX.